The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1887-08-17
RoBBISG THE DEAD AND DYING.
AdKer College.
Kc0Dee Courier.

At a recent meeting of the board of trustees
Of this College resolution was adopted di-
recting its financial committee TO collect, BY
suit, If necessary, the arrears OF interest upon
all the solvent bonds subscribed to the endow-
inent fund thereof and to compromise and
settle the doubtful ones on such reasonable
terms Ms the committee shall Judge best.
This new departure In the management OF
the finances OF the College Is deemed neces-
sity to the continued success OF the institu-
tion.
We have had during the past year the SER
vices of four educated and progressive teach
ers, and the work done by them has been
more satisfactory than at any time since the
unfortunate troubles through which the Col
lege was called 10 pass and from which we be-
lievc 1t Is now emerging INTO q futurc DflSnler
than ever before.
In order to retain the services of these teach
ers or secure others, and provide the best
compensation possible for them, II VIII be
necessary for the management OF the college
TO settle up arrears and collect the accruing
Interest on all bonds subscribed to the endow-
ment fund promptly.
very indulgent and reluctant TO enforce
through the Courts the collection Of interest
on these bonds. so generously subscribed by
the friends Of the College In all parts OF Oco.
nee and in many sections OF the counties of
Anderson, Abbeville, Grcenville, Lauransand
Newberry, as also in some other parts of the
state; and 1t has been only IN cases OF posi-
tive refusal to pay Interest that suits have
been resorted to, and judgments in favor Of
the College have been rendered In every case
which has gone before the Courts.
at fist the interest on the bonds was
promtly paid, and It's patrons and friends
were full OF zeal and enthusiasm for the cause,
and its professors were well and promptly
paid, and the College flourishcd, and was an
honor to the county and State; but ike all
similar Institutions 1t has had It's troubles,
and some no doubt have hesitatCd to pay from
want Of confidence in the permanency and
ultimate success of the institution.
The total OF endowment amounts to little
more than s30,000 OF this more than two
thirds was regarded as solvent and good, and
Is still so regarded, rs the validity OF the
bonds has already been tested. The secured
and invested fund OF the College now
amounts TO nearly sl5.OOO IN first mortgages
of real estate, on which the interest Is gener-
,aliyy pfOin pity Paid--~N---~--
Now, we regard the College as permanently
established, and its ultimate success assuredI
and we confidently appeal to It's friends every
where, who have subscribed these bonds, to
rally to the support of this Institution by the
prompt and voluntary payment OF the princi-
pal and interest thereof. The amount to each
subscriber Is but small sum, but the aggre-
gate thereof makes very handsome perina-
nent fund for the College. rs under the charter
of the endowment only the interest can be
used for the current expenses OF the institti-
tiOn and the principal forever reserved In In
tereSt bearing securities.
There have been quite number OF the sub
scribers OF these bonds who have already paid
them. others are settling now, and all are
earnestly requested to make payment MS
speedily as possible. The fund Is loaned out
us fast as received upon first mortgages OF real
estate n / ten per cent. interest.
Let the subscribers of the bonds come up
this Fall with payments in full and let the
their support and patronage and lis proSperi-
ty IL assured. ID.